I think your specific example is likely to end up so heavily regulated as to be impossible. I'll go so far as to say that most harmful uses of data mining will end up with laws to mitigate the harm.
I think the likeliest 'harm' is that companies will be able to tailor really effective ads targeting people at earlier ages.
Besides, the information asymmetry between private people and entities with large amounts of data already exists. Your kid's pictures are a matter of degree and will likely not make a difference.
Heck, I'll argue from the other direction. In the future, having large amounts of harvestable data will make most people better credit risks. Those with heavily censored profiles will be analogous to present day people who only use cash - unable to get loans or what have you.
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I think your specific example is likely to end up so heavily regulated as to be impossible. I'll go so far as to say that most harmful uses of data mining will end up with laws to mitigate the harm.
I think the likeliest 'harm' is that companies will be able to tailor really effective ads targeting people at earlier ages.
Besides, the information asymmetry between private people and entities with large amounts of data already exists. Your kid's pictures are a matter of degree and will likely not make a difference.
Heck, I'll argue from the other direction. In the future, having large amounts of harvestable data will make most people better credit risks. Those with heavily censored profiles will be analogous to present day people who only use cash - unable to get loans or what have you.